Garage Door Hardware and Renting
If you are still renting, you must have a good reason for doing so. But we aren’t quite sure why.
As rent rates continue to rise across the nation and interest rates continue to fall, it makes more sense than ever to dump your landlord and purchase your very own home. It is time to take that leap into homeownership.
If you are sitting there still not doing anything, perhaps it is because you aren’t aware of the benefits of owning a home. Lynn Cove, your source for garage door hardware, offers reasons why you should stop renting and buy a home instead.
One thing that renting offers that homeownership doesn’t is flexibility. That is, it is easier to move on if you are renting.
While renting does offer flexibility, it also makes you feel insecure. This is because the person who decides how long you rent is not always you. At any moment, you could get a letter from your landlord informing you that you have to move. It could be for any number of reasons, but your destiny is in the hands of your landlord.
But when you own a home, you are the one who decides when you want to move.
If you are renting out an apartment or condo, it is likely that you are sharing walls, ceiling and floors with your neighbors. And even if you have very cool and reasonable neighbors, they will be annoyed if you have the stereo blasting Cannibal Corpse at 1 a.m.
In addition, your neighbors probably hear you walking through your apartment and even get an earful of the activities you engage in at home. This is never a problem if you own your own home.
Once you make a payment to your landlord, you never see that money again. As a homeowner, your mortgage payments include interest, which just happens to be tax deductible. You are basically making money on your home.
Again, once you hand a check over to your landlord, that money is gone. When you own a home and make a house payment, the money you spend is actually an investment. As you pay down your loan, your equity is likely rising, which means you will reap the benefits of your shrewd investment.
In the end, whatever equity you have built-in your home is yours do spend as you desire.
Owning Costs Less
The longer you rent, the more money you will be spending over the years. While rent will continue to rise, your house payment will remain about the same over the course of your loan. So you can expect to pay the same in 2040 as you do in 2019.
There are some very good landlords out there and if yours is cool, then you should be grateful. And even if you are renting a really great place, you might still hate the landlord.
Perhaps it is the unannounced inspections or the list of repairs that still need to be made, there are many reasons people don’t like their landlords.
When you own your very own home, you never have to deal with a bad landlord.
Your rent might be quite reasonable today, but that could change overnight. Your landlord reserves the right to raise your rent whenever. And you can fully expect a rent increase at some point.
But when you own your home, you will have a mortgage payment that remains the same for the life of the loan. That is the stability and consistency that you need in your life.
When you are renting, in all likelihood it is the landlord who decides how the place looks. That is, your landlord determines the color of the rooms and the type of flooring in the kitchen. Some landlords demand notice before you hang a picture.
But when you own a home, you can paint your kitchen green, hang really bad artwork in the den and put carpet in the bathrooms. It’s all your decision.
You free yourself of these restrictions when you buy a house. You are free to swap out the window shutters and buy new hardware for the garage door. It is these subtle changes that make your home look great and remain unique.
Order your shutter hardware at Lynn Cove today.